The increase in the minimum wage is a concern for private security companies

Cooperatives and residential layers 1, 2 and 3, private security and surveillance. Cooperatives may deduct up to 10% of the total value of the rate. For residential streets 1, 2 and 3, the rate charged must guarantee the payment of the employee’s work obligations and operating costs.

In accordance with Silvia Padillachairman of the Atlantic horizontal real estate marketthe increase of minimum wage increases all types of contracts in human resources services Private property call it set, build, mall, free zonethat affect the monthly payment of regular costs.

“For example, private security contracts, suppliers, cleaning costs and management fees that have an impact within the expenditure budgets that will be approved in the first quarter of 2024. Situation that will affect Colombian families living in this type of property, and traders who have listed businesses in this type of regime horizontal property“, Padilla emphasized in dialogue with EL HERALDO.

He added that most contracts for minimum wage current and many will be automatically renewed.

“If there are several Projects affected by problems with the payment of things such as electricity. Most likely, complexes and buildings will be observed without supervision and without certain suppliers due to salary increases and the impact of the economy with the inflation leading to the horizontal property with a patrimonial disadvantage, because many projects have been developed to have certain services that they will not be able to have in 2024,” explained the President of the Atlantic horizontal real estate market.

Source: El heraldo